Idience Co., Ltd announced a private placement of 1,492,538 common shares at a price of KRW 6,700 per share for gross proceeds of KRW 10,000,004,600, and 747,016 redeemable convertible preferred stocks at a price of KRW 6,700 per share for gross proceeds of KRW 5,005,007,200; for aggregate gross proceeds of KRW 15,005,011,800 on June 28, 2022. The transaction will include participation from returning investors Ildong Holdings Co., Ltd. for 1,492,538 common shares, Yuanta Investment for 747,016 redeemable convertible preferred stocks and Kiwoom-Yuanta 2019 Scale-up Fund, a fund managed by Kiwoom Securities Co., Ltd., Investment Arm and 2 other investors. The transaction has been approved by the board of directors.

The company will issue shares of par value of KRW 500 per share through third party allocation method. The payment date for the transaction is July 8, 2022.